Connor Clark & Lunn Investment Management Ltd. Raises Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 10.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 105,364 shares of the company’s stock after acquiring an additional 10,081 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.33% of Lincoln Educational Services worth $1,258,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LINC. First Eagle Investment Management LLC grew its stake in Lincoln Educational Services by 25.4% in the second quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock worth $9,119,000 after purchasing an additional 155,754 shares during the period. Vanguard Group Inc. grew its position in shares of Lincoln Educational Services by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock worth $13,875,000 after buying an additional 136,334 shares during the period. Renaissance Technologies LLC increased its stake in shares of Lincoln Educational Services by 12.6% in the 2nd quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock worth $7,658,000 after acquiring an additional 72,400 shares in the last quarter. Secure Asset Management LLC purchased a new position in Lincoln Educational Services during the second quarter valued at $612,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Lincoln Educational Services by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 970,425 shares of the company’s stock worth $11,509,000 after acquiring an additional 50,737 shares during the last quarter. Institutional investors own 72.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LINC. StockNews.com cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Rosenblatt Securities lifted their target price on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. B. Riley increased their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Barrington Research raised their price target on Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Insiders Place Their Bets

In related news, CFO Brian K. Meyers sold 7,487 shares of Lincoln Educational Services stock in a transaction on Monday, November 18th. The shares were sold at an average price of $15.32, for a total transaction of $114,700.84. Following the transaction, the chief financial officer now owns 226,323 shares in the company, valued at approximately $3,467,268.36. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Juniper Investment Company, Ll sold 7,123 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.86, for a total transaction of $120,093.78. Following the completion of the transaction, the insider now directly owns 867,017 shares of the company’s stock, valued at $14,617,906.62. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,912 shares of company stock worth $645,453. Company insiders own 16.80% of the company’s stock.

Lincoln Educational Services Stock Up 0.7 %

LINC opened at $16.46 on Wednesday. The firm’s 50 day simple moving average is $13.37 and its two-hundred day simple moving average is $12.49. The company has a market capitalization of $518.16 million, a PE ratio of 50.28, a PEG ratio of 1.99 and a beta of 1.41. Lincoln Educational Services Co. has a 1-year low of $8.78 and a 1-year high of $18.74. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC) last released its earnings results on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $114.41 million for the quarter, compared to analysts’ expectations of $111.05 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. During the same quarter last year, the firm posted $0.11 earnings per share. As a group, equities analysts forecast that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Lincoln Educational Services Company Profile

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.